AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Acquires 4,621 Shares of Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl bought 4,621 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $20.60 per share, with a total value of $95,192.60. Following the completion of the purchase, the insider now owns 380,828 shares of the company’s stock, valued at approximately $7,845,056.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

AMREP Trading Up 0.3 %

AXR opened at $20.61 on Thursday. The firm’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $20.42. AMREP Co. has a 12 month low of $13.46 and a 12 month high of $24.36. The stock has a market capitalization of $108.64 million, a P/E ratio of 38.17 and a beta of 1.04.

AMREP (NYSE:AXR) last released its earnings results on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. The firm had revenue of $12.69 million for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%.

Institutional Trading of AMREP

Institutional investors and hedge funds have recently bought and sold shares of the business. AJOVista LLC acquired a new position in AMREP in the 4th quarter valued at about $29,000. Empowered Funds LLC increased its position in AMREP by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock worth $878,000 after buying an additional 2,800 shares during the period. Victory Capital Management Inc. bought a new position in AMREP during the fourth quarter worth about $119,000. Acuitas Investments LLC boosted its holdings in AMREP by 210.9% in the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after purchasing an additional 65,184 shares during the period. Finally, Cerity Partners LLC acquired a new position in shares of AMREP during the 4th quarter worth approximately $2,529,000. Institutional investors own 59.85% of the company’s stock.

AMREP Company Profile

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.